Jim's Feed
Jan 24, 2013

Boeing 787 probe far from complete: U.S. regulators

WASHINGTON (Reuters) – U.S. safety regulators are nowhere near finishing an investigation into a battery fire on the Boeing Co 787 Dreamliner, a top official said on Thursday, raising the prospect of a prolonged grounding for the plane.

Deborah Hersman, chairman of the National Transportation Safety Board, made clear that investigators have found a series of “symptoms” in the battery damaged in a January 7 fire in Boston, but not the underlying cause of the problem.

Jan 24, 2013

US regulators: Boeing 787 probe far from complete

WASHINGTON, Jan 24 (Reuters) – U.S. safety regulators are
nowhere near finishing an investigation into a battery fire on
the Boeing Co 787 Dreamliner, a top official said on
Thursday, raising the prospect of a prolonged grounding for the
plane.

Deborah Hersman, chairman of the National Transportation
Safety Board, made clear that investigators have found a series
of “symptoms” in the battery damaged in a Jan. 7 fire in Boston,
but not the underlying cause of the problem.

Jan 23, 2013

Still no timetable for returning Boeing 787 to flight

TOKYO/WASHINGTON, Jan 23 (Reuters) – Japanese regulators
have joined their U.S. counterparts in all but ruling out
overcharged batteries as the cause of recent fires on the Boeing
Co 787 Dreamliner, which has been grounded for a week
with no end in sight.

Solving the battery issue has become the primary focus of
the investigation, though the head of the U.S. Federal Aviation
Administration said on Wednesday there are still no firm answers
as to the cause and no clear timetable yet for returning the
plane to flight.

Jan 23, 2013

Japan: overcharging unlikely cause of Dreamliner woes

TOKYO/WASHINGTON (Reuters) – Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing Co 787 Dreamliner, which has been grounded for a week with no end in sight.

Solving the battery issue has become the primary focus of the investigation, though the head of the U.S. Federal Aviation Administration said on Wednesday there are still no firm answers as to the cause and no clear timetable yet for returning the plane to flight.

Jan 2, 2013

Budget deal leaves U.S. defence sector in limbo

WASHINGTON (Reuters) – Pentagon officials and weapons makers on Wednesday expressed relief after Congress approved a two-month delay in huge budget cuts, but warned that a longer-term fiscal solution is urgently needed to lift the uncertainty hanging over the sector.

“Congress has prevented the worst possible outcome by delaying sequestration for two months. Unfortunately, the cloud of sequestration remains,” Defence Secretary Leon Panetta said in a statement. “Congress cannot continue to just kick the can down the road.”

Jan 2, 2013

Budget deal leaves U.S. defense firms in limbo

WASHINGTON, Jan 2 (Reuters) – Shares in some major defense
companies trailed the broad U.S. stock market on Wednesday as
investors fretted that hiring and investment at weapons makers
could remain slow until a longer-term fiscal solution is in
place.

“Merely delaying sequestration by a couple of months will do
little to resolve the uncertainty and chaos surrounding the
defense budget,” said Todd Harrison, an analyst at the private
Center for Strategic and Budgetary Assessments.

Jan 1, 2013

US Senate’s ‘fiscal cliff’ bill packed with sweeteners

WASHINGTON, Jan 1 (Reuters) – The U.S. Senate packed an
eclectic mix of handouts and takebacks into its last-minute deal
to avoid the “fiscal cliff,” including a measure to repeal part
of President Barack Obama’s signature healthcare overhaul and a
string of special interest tax breaks.

At the center of the 157-page bill adopted early Tuesday are
provisions to raise taxes on the wealthiest households and to
make permanent Bush-era tax cuts for the middle class. The bill
now goes to the Republican-controlled House of Representatives.

Jan 1, 2013

U.S. arms sales to Asia set to boom on Pacific “pivot”

WASHINGTON (Reuters) – U.S. sales of warplanes, anti-missile systems and other costly weapons to China’s and North Korea’s neighbours appear set for significant growth amid regional security jitters.

Strengthening treaty allies and other security partners is central to the White House’s “pivot” toward a Pacific region jolted by maritime territorial disputes in China’s case, and missile and nuclear programs, in North Korea’s.

Jan 1, 2013

Analysis: U.S. arms sales to Asia set to boom on Pacific “pivot”

WASHINGTON (Reuters) – U.S. sales of warplanes, anti-missile systems and other costly weapons to China’s and North Korea’s neighbors appear set for significant growth amid regional security jitters.

Strengthening treaty allies and other security partners is central to the White House’s “pivot” toward a Pacific region jolted by maritime territorial disputes in China’s case, and missile and nuclear programs, in North Korea’s.

Dec 31, 2012

Senate, House agriculture committees in deal to avert milk price spike

WASHINGTON (Reuters) – Farm-state lawmakers have agreed to a one-year extension of the expiring U.S. farm law that, if enacted, would head off a possible doubling of retail milk prices to $7 or more a gallon in early 2013.

The extension would end a 32-month attempt to update farm subsidies dating from the Depression era, when farmers were crushed by low prices and huge crop surpluses, to meet today’s high-wire challenges of tight food supplies, high operating costs and volatile markets.